Smartphone and TV sales trim losses for LG
LG Electronics was hit by a drop in revenue and a net loss for its fourth quarter, but that loss was lower than a year ago thanks to strong demand for smartphones and TVs.
For the quarter ended in December, sales dipped 6 percent, while the net loss narrowed to 111.6 billion won ($99 million), compared with a loss of 256.4 billion won in 2010's final quarter. Operating profits hit the black, jumping to 23 billion won ($20.5 million), compared with a loss of 32 billion won in the prior year's quarter.
The quarter was … Read more